What is the condition for disseminating Ledgers' Confidential Information?

According to Ledgers' 2025 Franchise Disclosure Document, franchisees cannot directly or indirectly disclose, publish, or share any Confidential Information with third parties without Ledgers' prior written consent. However, franchisees may share Confidential Information with their employees or agents if those individuals need the information to perform essential job functions and are subject to equivalent confidentiality restrictions.

Ledgers franchisees are only allowed to use Confidential Information to fulfill their obligations under the Franchise Agreement. They must avoid using this information for their own benefit or in a way that could harm Ledgers. Specifically, Confidential Information cannot be used in a competing business that would be detrimental to Ledgers.

This means a prospective Ledgers franchisee must ensure that any employees or agents they share Confidential Information with are also bound by confidentiality agreements. This is a common practice in franchising to protect the franchisor's proprietary information and maintain a competitive advantage. Franchisees should also be aware that the definition of confidential information is broad, covering non-public, sensitive, or proprietary material related to the franchise system, the relationship with the franchisee, or the franchise business, whether provided by Ledgers or the franchisee.